MIND vs SIGI: Correlation
MIND Technology, Inc. (MIND) and Selective Insurance Group, Inc. (SIGI) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIND and SIGI?
Across a 3-year window, the weekly returns of MIND and SIGI correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -505.9 %².
Among the 15 assets we track against MIND, SIGI sits near the bottom by co-movement, at rank #14. The last year tells two different stories: SIGI led by 75.0 percentage points, -55.9% for MIND against +19.1% for SIGI. One caveat on sizing: MIND is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MIND vs SIGI: side by side
| MIND (MIND Technology, Inc.) | SIGI (Selective Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | -55.9% | +19.1% |
| 5-year return | -77.3% | +18.8% |
| Volatility (ann.) | 79.5% | 25.4% |
| Beta vs S&P 500 | 0.91 | 0.32 |
| Max drawdown (3Y) | -70.0% | -30.5% |
| Market cap | – | $5.5B |
| P/E (trailing) | 27.8 | 11.5 |
| Dividend yield | 0.00% | 1.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MIND | SIGI |
|---|---|---|
| 2022 | -72.8% | +9.7% |
| 2023 | +43.3% | +13.7% |
| 2024 | +20.5% | -4.6% |
| 2025 | +10.7% | -8.8% |
| 2026 | -49.4% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIND and SIGI good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MIND and SIGI?
As of 2026-08-27, the correlation of weekly returns between MIND and SIGI is -0.25 over 3 years, -0.29 over 1 year and -0.10 over 5 years.
Is SIGI a good diversifier for MIND?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mind-vs-sigi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mind-vs-sigi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MIND correlations · SIGI correlations
